Vivaldi Asset Management LLC lowered its position in Pacific Continental Co. (NASDAQ:PCBK) by 46.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 220,541 shares of the financial services provider’s stock after selling 188,085 shares during the period. Vivaldi Asset Management LLC owned approximately 0.97% of Pacific Continental worth $5,944,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of PCBK. Wells Fargo & Company MN boosted its stake in Pacific Continental by 1.4% in the 2nd quarter. Wells Fargo & Company MN now owns 14,042 shares of the financial services provider’s stock worth $359,000 after purchasing an additional 197 shares in the last quarter. TD Asset Management Inc. boosted its stake in Pacific Continental by 3.8% in the 2nd quarter. TD Asset Management Inc. now owns 13,502 shares of the financial services provider’s stock worth $345,000 after purchasing an additional 500 shares in the last quarter. Teachers Advisors LLC boosted its stake in Pacific Continental by 2.9% in the 1st quarter. Teachers Advisors LLC now owns 34,855 shares of the financial services provider’s stock worth $854,000 after purchasing an additional 966 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in Pacific Continental by 13.6% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 11,244 shares of the financial services provider’s stock worth $287,000 after purchasing an additional 1,348 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Pacific Continental by 0.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 149,522 shares of the financial services provider’s stock worth $3,821,000 after purchasing an additional 1,386 shares in the last quarter. 67.49% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Pacific Continental Co. (PCBK) traded up $0.35 during midday trading on Friday, reaching $28.00. 147,100 shares of the company’s stock traded hands, compared to its average volume of 167,408. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.94 and a current ratio of 0.94. Pacific Continental Co. has a twelve month low of $16.00 and a twelve month high of $28.85. The firm has a market cap of $637.63, a PE ratio of 24.78, a price-to-earnings-growth ratio of 2.17 and a beta of 0.80.

PCBK has been the subject of a number of recent analyst reports. ValuEngine cut shares of Pacific Continental from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Zacks Investment Research cut shares of Pacific Continental from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Finally, BidaskClub cut shares of Pacific Continental from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 10th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $28.00.

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Pacific Continental Profile

Pacific Continental Corporation is a bank holding company. The Company’s principal business activities are conducted through its subsidiary, Pacific Continental Bank (the Bank), an Oregon state-chartered bank with deposits insured by the Federal Deposit Insurance Corporation. The Bank operates in three primary markets: Eugene, Oregon, Portland; Oregon/Southwest Washington, and Seattle, Washington.

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Institutional Ownership by Quarter for Pacific Continental (NASDAQ:PCBK)

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